DislikedI have followed up this thread and found this very interesting.
I am so pity to you, seems like that you make it so complicated. You dont have to identify which candle swing high or low. Erase all your emotion and follow my system to use this system.
Buy Rules:
1. Enter at intersection of EMA 3 and EMA 5 above the EMA 13 (EMA 3> EMA5)>EMA13
2. CCI 24 has crossed up level -90 or more safe 50 level
Exit: EMA 3 and 5 (EMA3<EMA5)
SL: 30pips or at your own MM
Re-entry: at any intersection of EMA3 > EMA5 above.
No selling above EMA13
Sell...Ignored
from the chart i see the first entry would have been on the 3rd buy candle from your marked candle. prior to this there is no clear sign to show that the emas (3,5) have crossed over the ema 13. remember, in 'real time' you will not see the cross over until the 2nd candle has closed. so your first clear signal would have been to enter on the 3rd candle. thats when it would be clear there is a cross of ema 3 and 5 over ema 13, AND there is a 'slight' cross above 90 of the cci.
problem is this trade would have been a loss, as the next two candles are red, so around - 50 pips loss. a stop out.
in my experience, this system works best on the 5 min tf. if you are going to trade on the 1hr tf, make sure you fine tune your entry and exits by observing the 5 min tf.
also, it appears you havent taken into account the spacing between the emas. one of the rules cubby had stated. that can help out eradicate a lot of bad trades.
you also havent taken into account break of swing high/low.
remember though, like any other system, this system will destroy your account in a ranging market. just stating the obvious.
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